Refer to the information provided in Figure 20.3 below to answer the question(s) that follow.
Figure 20.3Refer to Figure 20.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. If shoes are a normal good and income in this country rises, then we would expect
A. the number of pairs of shoes exported from this country to decrease.
B. the number of pairs of shoes imported into this country to decrease.
C. the number of pairs of shoes imported into this country to increase.
D. the number of pairs of shoes exported from this country to increase.
Answer: C
Economics
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